Prepare Common-Size Statement of Profit & Loss from the following Statement of Profit & Loss Revenue from Operations ₹ 15,00,000
Prepare Common-Size Statement of Profit & Loss from the following Statement of Profit & Loss:
| Particulars | Note. No. | 31st March, 2024 (₹) |
| I. Income | ||
| Revenue from Operations | 15,00,000 | |
| Other Income | 60,000 | |
| Total Revenue | 15,60,000 | |
| II. Expenses | ||
| Purchase of Stock-in-Trade | 7,50,000 | |
| Change in Inventories of Stock-in-Trade | 50,000 | |
| Other Expenses | 2,10,000 | |
| Total | 10,10,000 | |
| III. Profit before Tax (I – II) | 5,50,000 |
[Ans.: Revenue from Operations – 100%; Other Income – 4%; Purchase of Stock-in-Trade – 50%; Change in Inventories of Stock-in-Trade – 3.33%; Other Expenses – 14%; Profit before Tax – 36.67%.]
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